Advanced budgeting and forecasting for managers

Part of the budgeting series for managers

Successful organisations adopt robust and flexible budgeting and forecasting frameworks. What do these organisations do to create management buy-in and how do these organisations create budgetary processes that assist the delivery of organisational goals?

To answer these questions, this programme will examine the pros and cons of budgeting and forecasting techniques used by organisations in New Zealand and overseas. Many of these successful organisations "mix and match" several budgetary approaches to create a budgeting framework that meets their management requirements and organisational circumstances. This programme is designed to provide senior managers with the insights to follow such an approach. Budgeting methods will be related to real life organisations and you'll have the opportunity to apply techniques to case studies and to your own organisation.

What our participants say:

'Kevin provided an informative presentation that employed an excellent balance of theory and practical examples using his wide experience in finance extremely well. I would recommend all persons involved in budgeting to attend the course' - Bruce Lawrence, Company Secretary Liquidgas Ltd.

Objectives:

After completing this course you will be able to:

Use budgeting as a tool to improve staff motivation
Create a strong linkage between budgeting and planning processes
Set realistic budget goals
Incorporate performance measures into your budgeting processes
Take either a high level approach or a detailed approach to rolling forecasts
Understand activity based budgeting, activity analysis and cost drivers
Identify the limitations of Return on Investment (ROI) and Economic Value Added (EVA) methods
Apply techniques to maximise capital budgeting
Assess the strengths and weaknesses of the beyond budgeting model

Our training is:

Competency based: we enable participants to apply what they have learned when they return to work
Professionally designed to cater for all learning styles, with a mix of activities
Based on accelerated learning techniques to engage participants
Fully evaluated for continuous improvement
Customised for an agency's specific needs and issues and financial systems and processes

Participant feedback from 'Advanced budgeting and forecasting for managers'